Maybe I was unclear by saying the user adoption issue is solved. I didnt mean that we have millions of users now! What I meant to say was that it is now possible to obtain millions of users, while before the chrome app it was not possible. We just need a slew of popular apps, say like games.
Now the vast majority of funds are still in the SuperNET accounts, though the bear market has whittled down the fiat value. The burn rate for SuperNET is on the low side and we can last for years on the funds raised. We are developing what we said we would, yes delays on release due to the increasing scope of the project. Since most large software projects are delayed, again this seems not anything specific to SuperNET. And we are doing tech that has never been done before so any strict timeline has never been issued
As to your claim that we will never get mass adoption. All I can say is that never is a very long time, and you are premature in concluding that SuperNET wont achieve scale.
James
Now you're talking my language! Grated that I'm only low-level amateurish when it comes to tech, but I have a fair bit of experience watching the mining-exploration industry.
The most valuable tip I ever got in re exploration stocks was from my dad. He said, focus on the exploration stocks that are getting close to developing and opening a mine. Because exploration is all speculation from the $$$ point of view, there's a lot of excitement and disappointment there. Now to mention an exploitable pattern, which my dad taught me about.
There are exploration stocks that skyrocket on exciting drilled-rock-sample results. That's the time when you should
sell (if you have any of the stock) because that
excitement always accompanies impatience. The kind of impatience that inevitably precedes disappointment, bitterness, and a mass jump onto the next exciting train.
Funnily enough, the exploration companies that are in it for the distance - who have an economically-worthy project that they keep developing into a real, paying mine - tend to sell for much lower than they were when most everyone was excited at their great drilling results. That's because they become
boring. There's no "story," no excitement to get punters ginned up....just slow, laborious, boring progress towards that goal. Boredom, boredom boredom...until the company gets to the point of a "bankable feasibility study" that says their project is economically viable. At that point, the only major hurdle - except for the time-consuming environmental-assessment and permitting process - is getting ahold of enough capital to bring the mine into production. Once that final (difficult) hurdle is achieved, the formerly high-risk company becomes low-risk.
Through this model - and through buying the stock only when the bloom of excitement is off the still-growing rose - I've made some money on the penny-stock market. Himself, my dad has made a lot of money. All from knowing how to "play the excitement cycle." As a bonus, doing it this way means automatically screening out the large majority of exploration companies whose projects never get beyond the drill-sampling phase.
Now I know that I'm using an analogy, one that's questionable in several places, but the analogy is a good match for the excitement-to-disappointment cycle that prevails in both exploration and cryptocurrency: in truth, for any asset market where a large majority of projects have only speculative value. Both are permeated by the same excitement and boom-town glamour - and both are also permeated by disappointment, rancour and bitterness.
So please keep up doing the boring but necessary development work! This non-techie is quietly rooting for ya.
Amusingly enough vetting IOTA brought me here but I wanted to thank you for this post, I really enjoyed it.
